|By PR Newswire||
|December 4, 2012 02:05 AM EST||
BANGKOK, Dec. 4, 2012 /PRNewswire/ -- Frost & Sullivan is optimistic on the future growth for Myanmar as the country is an untapped new frontier at the crossroads of India, China and South East Asia offering abundant opportunities.
Mr. Vivek Vaidya, Vice President at Frost & Sullivan said that Myanmar was among first few countries US President Barack Obama chose to visit in his second term indicates Myanmar's improving status and image among the global community.
"Myanmar, the only neighbor for both China and India is likely to assume great geo-political-business importance in years to come," he added.
He added that Myanmar has a large untapped potential and is truly going through transition with a population of more than 60 million.
He also that Myanmar's GDP at purchasing power parity (PPP) has been growing at a very solid rate and is expected to continue to do so over the next few years in the range of 5-6 per cent. He noted that Myanmar's GDP (PPP) has increased by 20 per cent since 2007.
Mr. Vaidya said Myanmar has a very young population spread that will help to drive it economically. He added that the low unemployment rate of about 5 per cent was due to the growth of the agriculture sector, which remains the key driving force of the Myanmar's economy both in terms of GDP and employment.
"There is a large labor force to be tapped into in Myanmar but two-third of this is involved in agriculture, representing about 43 per cent of GDP," he added.
Mr. Vaidya said that most imports into Myanmar are basic commodities not yet manufactured in wide scale in the country and thus show growth potential. He added that the top ten import industries/items for Myanmar in 2011 are petroleum and related products, machinery/spares, steel construction materials, plastic raw materials, palm oil, vehicles and spare parts, pharmaceutical products, ships & boats, cement and fertilizers.
He also said that China has been the leading investor in Myanmar in the last few years, but this is likely to change. "With the market opening up, South East Asian companies are rushing to invest in the country. US/International companies are also doing so, but on a more selective and wait and see nature to get clarity on director and laws of the country," he added.
Mr. Vaidya said that all industry sectors and sub-sectors are of interest, but for the economy to take off and to benefit from Myanmar's location, large infrastructure project covering power, water, ports and roads are needed.
"Oil, gas, power, infrastructure, telecommunications and consumer businesses could top the list in terms of being the most attractive and easier to do investments in the country. Property prices are already very high," he said.
He also said that special economic zones will be required to continue to stimulate both imports and exports, along with ports and roads. He noted that around 300,000 TEUs and 16.7 million tonnes, accounting for close to 100 per cent of Myanmar's cargo, pass through the ports of Yangon and Thilawa. He added that Myanmar will act as a Southern Economic Corridor and Gateway to India, and the three special economic zones being developed are Kyaukphyu, Thilawa and Dawei.
Mr. Vaidya said that Myanmar needs to address its chronic shortage of electricity to ensure continued economic growth. He added that Myanmar's power generation is currently made up of 70 per cent hydro, 24 per cent gas, 4 per cent coal and 2 per cent diesel. He added that current production levels are at 1,350 MW which can drop in summer due to less hydro production against a demand of 1,850 MW. He forecasts demand of about 3,000 MW in 2016.
Mr. Vaidya said that the oil and gas sector offers major opportunities but most likely under Production Sharing Contracts (PSC). He added that state-run MOGE is active in the oil & gas sector, and Myanmar has large reserves of oil and gas both onshore and offshore.
"Other than companies coming into to work with current block licence holders, Myanmar is looking at offering up as many as 10 off-shore and 10 on-shore blocks," he said, adding that altogether 62 of the country's 101 exploration blocks remain open for bidding, including 34 onshore, eight in shallow water, and 20 in deep water.
Mr. Vaidya said that Myanmar's telecommunications sector shows huge potential with only 3 million mobile subscribers out of 60 million people. He added that wireless penetration stands at 4 per cent and fixed at 3 percent, so massive upside for growth but hurdles exist.
"50 per cent of wireless penetration is targeted by 2015 but handset prices are high and registering SIM cards is expensive at about US$150-200," he added.
Mr. Vaidya said that there are abundant opportunities within a wide range of industries in Myanmar but one will need to be patient and get timing and model of entry right in order to be successful in the country.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, discussed how a cloud designed for production operations not only helps accelerate developer inno...
Feb. 19, 2017 09:15 AM EST Reads: 1,481
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Feb. 19, 2017 09:15 AM EST Reads: 1,001
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 19, 2017 09:15 AM EST Reads: 5,021
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Feb. 19, 2017 09:15 AM EST Reads: 1,551
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
Feb. 19, 2017 07:45 AM EST Reads: 1,668
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Feb. 19, 2017 07:30 AM EST Reads: 1,394
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 19, 2017 06:45 AM EST Reads: 5,353
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 19, 2017 05:45 AM EST Reads: 4,719
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 19, 2017 05:45 AM EST Reads: 806
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Feb. 19, 2017 05:00 AM EST Reads: 4,662
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Feb. 19, 2017 04:00 AM EST Reads: 10,970
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Feb. 19, 2017 03:00 AM EST Reads: 3,815
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 19, 2017 03:00 AM EST Reads: 1,533
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
Feb. 19, 2017 02:30 AM EST Reads: 754
910Telecom exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and exchanges.
Feb. 19, 2017 02:30 AM EST Reads: 1,284